Beijing backed Citic Pacific will buy two WA mines for $582 million. Citic has also agreed to spend $3.5 billion developing the WA mines in a bid to meet the ravenous needs of Chinas steel industry The giant conglomerate headed by Chinas richest man Larry Yung has reached aggreement with Mineralogy of Australia to buy Sino Steel and Balmoral iron. Both WA firms are developing Pilbara iron-ore projects Citic managing director Henry Fan said the first mine would begin operating 2009.
Beijing backed Citic Pacific will buy two WA mines for $582...
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $44.86M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.9¢ | 1.8¢ | $246.4K | 13.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 5945031 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 4229794 | 4 |
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| Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
| SHN (ASX) Chart |